"I believe we are better situated than ever to capitalise on the increasing global demand for our superior content.

"Beyond the ongoing growth of our core businesses, I am very pleased with the company's progress as we execute upon other elements of our strategy to produce sustained, meaningful value for shareholders."

News Corp's board recently declared full confidence in Murdoch after a report by a committee of MPs claimed the media mogul was "not a fit person" to run an international company.

In a contentious amendment to the report by the Commons Culture Committee investigating the News of the World phone-hacking scandal, News Corp was censured for its "lack of effective corporate governance".

The company, which owns the Fox television networks, 20th Century Fox film studio, as well as newspapers in the US, UK and Australia, showed a 2% rise in revenue to $8.4bn dollars in its fiscal third-quarter results

It also revealed it was doubling its share buyback programme to $10bn dollars.

Operating income at its cable networks increased by 15% to $846m dollars, with large growth seen in the US, Latin America and Asia.